IGT and Aker take size as firm market prompts mandate rush

Slot Machine
By Owen Sanderson
13 Jun 2019

After Monday’s partial holiday across Europe, strong market conditions gave several high yield issuers confidence to press ahead with new issues on Tuesday. These gave investors options from investment grade-style refis to M&A trades, and executions proved strong, with International Game Technology and Aker boosting the size of their trades to take advantage of the backdrop.

The Crossover index tightened more than nine points on Monday, while equities were up as well, despite some weak European data.

This led five high yield issuers to step ahead with capital markets financing projects, ranging from long-anticipated M&A issues, such as from Italian generic pharmaceuticals firm Doc ...

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